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WPFH Announces Manufacturing Agreement and Government-Sponsored Resort Plan in South Korea

/EIN News/ -- LOS ANGELES, CA, Feb. 26, 2018 (GLOBE NEWSWIRE) -- World Poker Fund Holdings, Inc. (OTC PINK: WPFH), a leading developer and operator of on-line technology, gaming platforms and brands announces that it has signed a manufacturing agreement with Neotech C&C of South Korea. Neotech will become the primary manufacturer for all slot machines for WPFH and the exclusive manufacturer for all smart technologies for all of WPFH-branded resorts and developments across the world.

As part of the agreement, WPFH will develop its first PLAY All-Inclusive Resort on part of Neotech’s 50-acre campus in Saejoongsi Hanok Town, South Korea. The Play Resort will include a state of the art sports and fitness camp and will look to partner with the local government to bring professional athletes from the US and the world to teach and educate Korean youth on sports training and fitness. 

Neotech C&C was founded by Kyung Choo, who worked for LG for 15 years. From there, Mr. Choo started BLK Corporation, a leader in developing the latest in TV & Tablet screen technologies. Mr. Choo is also known for creating the world’s first tablet and pioneering TV thin-screen technologies and other major TV components for LG and related companies.

WPFH plans to work with Neotech to help further the goal of creating the most environmentally friendly resort possible. WPFH anticipates that it will need tens of thousands of TVs and tablets for its developing international resorts. To that end, WPFH has placed an initial order of 1,000 TVs (valued at $1.6 million US Dollars) and plans to expand on that order by placing an initial order for 500 slot machines and 2,500 tablets as WPFH ramps up the development of its PLAY Resorts and PLAY Casinos.

 “We are excited to help WPFH create environmentally friendly, ‘smart city resorts’. Utilizing ‘smart technologies’ will help provide guests with a more personalized and enjoyable stay. We are excited to have the PLAY Resort in South Korea as a partner and look forward to joining with the WPFH celebrities and athletes in working with the local youth sports community,” says Kyung Choo, founder of Neotech C&C, Inc.

Travis Kasper, Chairman & CEO of WPFH stated: “I am excited to share more about our PLAY themed resorts and/or casinos with Neotech. We are leveraging and doing a joint venture with WPFH’s celebrity and athlete ‘rolodex’ to develop and fund PLAY. PLAY will follow in the tradition of Hard Rock Cafe and Planet Hollywood, in bringing the sensibility of those who know sports best and creating a unique and enjoyable experience for guests, fans and fanatics alike.”

 ABOUT WORLD POKER FUND HOLDINGS, INC

 World Poker Fund Holdings, Inc. is a leading developer and operator of on-line technology, gaming platforms. and brands. The company does not offer any games or gaming opportunities for cash in the United States and is not licensed as a gaming operator in the United States or any other jurisdiction.

 To learn more about World Poker Fund Holdings (WPFH) and its upcoming events, please visit www.worldpokerfund.com.

Safe Harbor Statement

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Contact Information 

Eddie Kwong
626-466-9734
investors@worldpokerfund.com

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Distribution channels: Amusement, Gaming & Casino


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